CreditRiskMonitor Announces Licensing Agreement with DBRS
Valley Cottage, New York – August 9, 2018 – CreditRiskMonitor (OTCQX: CRMZ) today announced a new licensing agreement with DBRS, an independent, privately-held, globally recognized credit agency. DBRS is the fourth-largest ratings agency globally, with ratings on more than 2,400 issuer families and nearly 50,000 securities worldwide.
“We’re pleased to be adding DBRS’ issuer credit ratings and news into our platform for subscribers at no additional cost. This new data from DBRS augments our offering, which includes our highly accurate and proprietary FRISK® and PAYCE™ scores, as well as Fitch and Moody’s issuer credit ratings,” said CEO Jerry Flum. “We continue to make value-added investments to our service so our subscribers have the best financial risk assessment tools out there.”
“We’re pleased to be providing CreditRiskMonitor with our assigned issuer credit ratings and press releases and are looking forward to having CreditRiskMonitor make these available to their subscribers,” said Sean O’Connor, Head of Global Business Development at DBRS.
CreditRiskMonitor has also invested in cutting-edge technologies to improve the accuracy of its predictive scoring methods. The FRISK® score, a measure of bankruptcy risk in public companies, uses crowdsourced click patterns of risk professionals who subscribe to CreditRiskMonitor’s service. The PAYCE™ score, used for private company financial risk assessment, is formulated with deep neural network technology, a type of artificial intelligence.
For more information, or to schedule a free personal demo, call 845-230-3000.
CreditRiskMonitor (OTCQX:CRMZ) is a financial risk analysis and news service for credit, supply chain and financial professionals. Our strength in coverage spans 58,000 global public companies, totaling about $70 trillion in corporate revenue. We also offer solutions that can help ease private company financial risk assessment. Professionals from more than 35% of the Fortune 1000, plus thousands more worldwide, rely on us to help them stay ahead of financial risk quickly, accurately and cost-effectively.
At the core of our fundamental service is our 96% accurate FRISK® score, formulated to assess bankruptcy risk in public companies within a 12-month window. The FRISK® score incorporates a number of critical risk indicators including crowdsourced click patterns of risk professionals who are highly influential in the daily commerce of some of the world’s largest corporations, making decisions affecting billions of dollars of purchase and sale transactions every month.
DBRS is an independent, privately held, globally recognised credit ratings agency with offices in Toronto, New York, Chicago, London and Frankfurt.
Founded in 1976, DBRS is a rapidly growing, international ratings agency with deep roots in Canada. DBRS’s four decades of experience and strong track record provide the foundation to seek out new opportunities and to make targeted investments that align with its core ratings operations.
As the world’s fourth-largest rating agency, DBRS’s approach and size allow it to be nimble enough to respond to its customers’ needs in their local markets and large enough to provide the requisite expertise and resources.
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